HBM Healthcare Investments (XSWX:HBMNE) Cyclically Adjusted PS Ratio: 10.98 (As of Jul. 29, 2026) — Near Median

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XSWX:HBMNE HBM Healthcare Investments Ltd XSWX:HBMNE
34 GF Score
Price CHF256.00
! 5 Warning Signs
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What is HBM Healthcare Investments Cyclically Adjusted PS Ratio?

HBM Healthcare Investments XSWX:HBMNE 34 Cyclically Adjusted PS Ratio is 10.98 as of Jul. 29, 2026, which is 3% above its 10-year median of 10.61. GuruFocus rates XSWX:HBMNE with a GF Score™ of 34/100. The stock has 5 warning signs investors should review. Among 906 Asset Management companies, HBM Healthcare Investments ranks worse than 66.34% on this metric.

As of today (2026-07-29), HBM Healthcare Investments's current share price is CHF256.00. HBM Healthcare Investments's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was CHF23.32. HBM Healthcare Investments's Cyclically Adjusted PS Ratio for today is 10.98.

The historical rank and industry rank for HBM Healthcare Investments's Cyclically Adjusted PS Ratio or its related term are showing as below:

XSWX:HBMNE' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 6.44   Med: 10.61   Max: 16.57
Current: 10.85

During the past years, HBM Healthcare Investments's highest Cyclically Adjusted PS Ratio was 16.57. The lowest was 6.44. And the median was 10.61.

XSWX:HBMNE's Cyclically Adjusted PS Ratio is ranked worse than
66.34% of 906 companies
in the Asset Management industry
Industry Median: 7.655 vs XSWX:HBMNE: 10.85

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

HBM Healthcare Investments's adjusted revenue per share data for the three months ended in Jun. 2026 was CHF36.186. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is CHF23.32 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


HBM Healthcare Investments  (XSWX:HBMNE) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


HBM Healthcare Investments Cyclically Adjusted PS Ratio Related Terms


HBM Healthcare Investments Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for HBM Healthcare Investments's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

HBM Healthcare Investments Cyclically Adjusted PS Ratio Chart

HBM Healthcare Investments Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.36 8.65 8.71 9.69 9.99

HBM Healthcare Investments Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.48 9.95 10.45 9.99 10.14

XSWX:HBMNE vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, HBM Healthcare Investments's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


HBM Healthcare Investments Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, HBM Healthcare Investments's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where HBM Healthcare Investments's Cyclically Adjusted PS Ratio falls into.


XSWX:HBMNE
34GF Score
HBM Healthcare Investments Ltd XSWX:HBMNE
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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HBM Healthcare Investments Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

HBM Healthcare Investments's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=256.00/23.32
=10.98

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

HBM Healthcare Investments's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, HBM Healthcare Investments's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=36.186/108.5400*108.5400
=36.186

Current CPI (Jun. 2026) = 108.5400.

HBM Healthcare Investments Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 -10.092 99.475 -11.012
201606 -3.089 100.088 -3.350
201609 6.753 99.604 7.359
201612 -6.301 99.380 -6.882
201703 21.074 100.040 22.865
201706 -10.168 100.285 -11.005
201803 0.000 100.836 0.000
201806 9.618 101.435 10.292
201809 15.939 101.246 17.087
201812 -13.666 100.906 -14.700
201903 18.735 101.571 20.020
201906 10.876 102.044 11.568
201909 3.985 101.396 4.266
201912 23.524 101.063 25.264
202003 -11.622 101.048 -12.484
202006 32.525 100.743 35.042
202009 31.013 100.585 33.466
202012 29.281 100.241 31.705
202103 17.331 100.800 18.662
202106 19.594 101.352 20.984
202109 19.392 101.533 20.730
202112 0.692 101.776 0.738
202203 -50.674 103.205 -53.294
202206 7.450 104.783 7.717
202209 -12.263 104.835 -12.696
202212 -17.274 104.666 -17.913
202303 1.260 106.245 1.287
202306 -1.487 106.576 -1.514
202309 -8.443 106.570 -8.599
202312 -12.514 106.461 -12.758
202403 22.813 107.355 23.065
202406 3.812 107.991 3.831
202409 -0.324 107.468 -0.327
202412 6.547 107.128 6.633
202503 -7.008 107.722 -7.061
202506 -20.761 108.075 -20.850
202509 35.313 107.710 35.585
202512 28.756 107.200 29.115
202603 -2.097 108.060 -2.106
202606 36.186 108.540 36.186

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

What does a Cyclically Adjusted PS Ratio of 10.98 mean?
HBM Healthcare Investments (XSWX:HBMNE) has a Cyclically Adjusted PS Ratio of 10.98 as of Jul. 29, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on HBM Healthcare Investments and its competitors. This is near median its historical median of 10.61. Over the past decade, HBM Healthcare Investments' Cyclically Adjusted PS Ratio has ranged from 6.44 to 16.57. According to the industry distribution chart, HBM Healthcare Investments ranks #601 out of 906 companies in the Asset Management industry, placing it in the top 66.3%.
Is HBM Healthcare Investments' Cyclically Adjusted PS Ratio too high?
HBM Healthcare Investments' current Cyclically Adjusted PS Ratio of 10.98 is near median its 10-year median of 10.61. Over the past 10 years, this metric has ranged from a low of 6.44 to a high of 16.57. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.66. HBM Healthcare Investments' value of 10.98 is 43.4% above this industry median. Based on the distribution chart, HBM Healthcare Investments ranks #601 out of 906 companies in the Asset Management industry, which is below the industry midpoint. Overall, HBM Healthcare Investments has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does HBM Healthcare Investments' Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, HBM Healthcare Investments ranks #601 out of 906 companies for Cyclically Adjusted PS Ratio. This places HBM Healthcare Investments in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.66. HBM Healthcare Investments' value of 10.98 is 43.4% above this benchmark. Historically, HBM Healthcare Investments' own Cyclically Adjusted PS Ratio has ranged from 6.44 to 16.57 over the past decade. While the company's 10-year median is 10.61 vs. the industry median of 7.66, HBM Healthcare Investments has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.66, based on 906 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HBM Healthcare Investments's current Cyclically Adjusted PS Ratio of 10.98 is 43.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on HBM Healthcare Investments and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HBM Healthcare Investments's current Cyclically Adjusted PS Ratio is 10.98, which is near median its own 10-year median of 10.61. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HBM Healthcare Investments stock overvalued right now?
HBM Healthcare Investments (XSWX:HBMNE) has a current Cyclically Adjusted PS Ratio of 10.98. The current Cyclically Adjusted PS Ratio is 10.98, which is near median its 10-year median of 10.61 and 43.4% above the Asset Management industry median of 7.66. HBM Healthcare Investments' overall GF Score™ is 34/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For HBM Healthcare Investments (XSWX:HBMNE), the current Cyclically Adjusted PS Ratio is 10.98 as of Jul. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

HBM Healthcare Investments Business Description

Other Exchanges HBMBF:USAHBMN:Switzerland
Address Bundesplatz 1, Zug, CHE, 6300
HBM Healthcare Investments Ltd is a Switzerland-based holding company. The firm actively invests in the human medicine, biotechnology, medical technology, and diagnostics sectors and related areas. The company holds and manages an international portfolio of companies.
34GF Score

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Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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